Posts Tagged “Idea”
Although aussie has maintained a firm undertone and marginal gain towards previous resistance at 0.8860 cannot be ruled out, however, as broad outlook is still consolidative, reckon upside would be limited to 0.8884 (61.8% Fibonacci retracement of wave A from 0.9389) and bring retreat later. View full post on Forex Trading Ideas
As the single currency has maintained a firm undertone partly due to cross-buying against Japanese yen, suggesting recent upmove remains in progress and gain towards 1.2739 (61.8% projection 1.2193-1.2613 measuring from 1.2479) is likely, however, loss of upward momentum should prevent sharp move beyond there and reckon 1.2784 (50% Fibonacci retracement of 1.3692 to 1.1876) [...]
Despite intra-day brief rise to 1.5241, the subsequent retreat from there suggests a temporary top has been formed and consolidation with mild downside bias remains for retracement to 1.5100 (38.2% Fibonacci retracement of 1.4873 to 1.5241), however, reckon support at 1.5081/82 would hold and bring another rally later. View full post on Forex Trading Ideas
Despite intra-day retreat from 1.0564, as long as support at 1.0481 holds, further consolidation would be seen and another corrective rise to said resistance cannot be ruled out, above there would bring retracement of recent decline to the Ichimoku cloud area (now at 1.0608-18) but reckon renewed selling interest would emerge there and bring another [...]
Dollar’s rebound after intra-day fall to 1.0481 suggests a temporary low has been formed there and consolidation with mild upside bias remains, break of minor resistance at 1.0564 would add credence to this view and bring retracement to the Ichimoku cloud area (now at 1.0614-18) but reckon renewed selling interest would emerge there and bring [...]
Despite recovering after intra-day fall to 87.02, early breach of indicated support at 87.33 signals correction from 86.96 has ended at 88.22 and bearishness remains for a retest of this level, however, break there is needed to confirm decline has resumed and extend weakness towards 86.45/50 (61.8% projection of 89.78-86.96 measuring from 88.22) but loss [...]
Although euro has rebounded after finding support just above the Ichimoku cloud top, above resistance at 1.2663 is needed to signal upmove has resumed and extend gain to 1.2685-90 (approx. 50% projection of 1.2193 to 1.2613 measuring from 1.2479), however, loss of upward momentum should prevent sharp move beyond there and reckon 1.2739 (61.8% projection) [...]
As the British pound found renewed buying interest at 1.5082 and has rallied, suggesting a test of resistance at 1.5227-30 would be seen, however, break there is needed to confirm upmove has resumed and extend gain to 1.5260 (50% projection of 1.4873-1.5230 measuring from 1.5081) and possibly towards 1.5300/05 (61.8% projection) later. View full post [...]
Although euro has recovered after holding above the Ichimoku cloud top, as the retreat from yesterday’s high of 1.2663 suggests a minor top has been formed, near term downside risk remains for correction to 1.2500/10, however, near term oversold condition should limit downside and renewed buying interest should emerge around 1.2479-83 (previous support and 38.2% [...]